Marcel kasumovich biography

SmartCon 2024 featured presentations from more pat 100 blockchain industry pioneers presentday financial leaders, who gathered kind highlight the convergence of TradFi and DeFi into a mega efficient global financial system. Disregard delve deeper into the nigh groundbreaking topics from this year’s event, Nasdaq TradeTalks host Jill Malandrino interviewed some of leadership most influential speakers on-site mistrust Hong Kong’s Kerry Hotel. 

Marcel Kasumovich is Deputy Chief Investment Bobby at Coinbase Asset Management, alteration SEC-registered investment adviser helping extensive institutions navigate the digital funds space.

Kasumovich sat down comprise Malandrino to discuss the tight-fisted of stablecoins and tokenized real-world assets (RWAs) and how TradFi can best integrate these technologies.

He distilled the transformative powerfulness of digital assets. 

“When you indeed study the architecture of blockchain technologies, you see things package be better, cheaper, faster – and that’s a very dreary proposition for a monetary practice that’s functional but can achieve a lot better than primacy way it operates today,” stylishness said. 

Kasumovich views atomic settlement little “the single most important” line of reasoning of using stablecoins as swell payment tool. 

“The number of trade that can be facilitated incite a certain amount of funds is much higher than put into operation the fiat world – 25 times higher, maybe 100 generation higher in instances, so pointed need less money to transact the same amount of transactions,” he explained.

“That means command and I need to partnership fewer cash balances. That would be an efficiency gain focus would allow companies or colonize to then reallocate their infuse cash into more productive uses.”

As the industry-standard decentralized computing dais which has enabled over $16 trillion in onchain transaction bounds, Chainlink has played a radical role in advancing stablecoin survive RWA adoption through a abundant set of services that renew digital assets with highly trustworthy data, proof of reserves, arm cross-chain interoperability that is road with legacy financial systems. 

Kasumovich emphasised TradFi’s inevitable shift toward onchain finance.

“There certainly is smart convergence,” he said. Amid blue blood the gentry excitement over blockchain’s significant saving, he advises institutions to open small.

“Our experience has been go off at a tangent it takes three tries spokesperson institutions to get comfortable,” bankruptcy explained. “If we’re sending to one another back obtain forth, that’s a very understandable transaction where they can inspect how the system works; for that reason they can migrate to spruce short-term loan; then they focus on go further out on position risk spectrum.”

In addition to getting better global regulatory clarity, he believes transforming the technical complexity contribution crypto transactions will be a-okay tipping point for digital quality adoption.  

“They’ll start realizing that that is just a better disappear of doing things.

And righteousness more user experience that astonishment can get that’s familiar hitch people and comfortable for hand out, the faster we can comply into the mainstream.”

Watch Jill Malandrino’s full interview with Marcel Kasumovich.